The fact that REC, in return for the termination of the contractual relationships established by the three contracts mentioned in this Agreement and all other claims of events in progress or likely to occur in the future, agrees to pay Des Events and Events the sum of two hundred thousand dollars (US$210,000,000). The two hundred and ten thousand dollars ($210,000.00) will be paid in three installments, with a payment of $70,000 on June 1, 2003, June 1, 2004 and June 1, 2005. The parties agree that in the event of a phased non-payment of events on Or before June 1 of the year in question, the parties agree that the rec does not pay for events at a rate of 5% (5%) to pay for events. $70,000 in phased payment. In addition, the parties agree that in the absence of a staggered payment on Or before June 1 of the year in question, events have the right to terminate the suspension of restrictive lethal agreements until the phased payment is made. Events accepts that after payment of US$210,000 and all commissions due to events on sponsorship income, events will permanently waive all restrictive agreements regarding employer-personal relations between the census taker and the sechter, but that these restrictions will only be lifted by THE EVENTS related to the REC. In addition to maintaining the objective basis for termination, it is sometimes useful to highlight the financial figures of the agreement, which are incorrect and thus justify termination. Nor should this become a lively discussion about who missed what and who suffered the most from the end result. Instead, the parties must objectively analyze whether the agreement is actually financially advantageous and, if not more so, they should both be prepared to leave politely. Please state the facts in a report: if you are interested in terminating the contract, you give reasons instead of saying it vaguely.
Create a formal report that highlights all the problems you`ve faced because of the other party`s non-qualitative products or services. Similarly, not only mention the cause, but also the negative effects that your business has had to suffer because it. In this way, you give another person the feeling that you will not end up happy; Instead, you have the right reasons to do so. If you don`t want to end the relationship, give the end a friendly note that provides gentle signals. For example, we are changing partners at the moment, but we hope to work with you soon on future projects. Commercial relations should not be based on contracts. This is a mistake that many leaders are victims of. Commercial relationships are maintained over time through authentic interaction, collaboration, service and respect. The relationship can in turn produce contracts, but these come and go. Keep in mind that there may still be potential for cooperation in the future. It`s hard to terminate a contract.
This can be done for a variety of reasons. It`s never easy to learn that your organization is no longer interested in working with a business partner. This is especially the case when it is a partner with whom you have worked for a certain time and a relationship you wish to maintain. A business termination contract is a letter written to terminate a business relationship. It contains information on two parts, their relationship and the results and consequences of the breakdown of the relationship.